Sep 25, 2012 4:00pm PDT
's no coincide that the apple 5 was unveiled there this week or oracle is having their meeting next week. it's the best way to generate more business. the economic impact of the center is significant. we have calculated that we have lost $2 billion in spending because the building is not big enough and people have left. people that want to meet in san francisco or come back over a regular cycle are not able to meet here because it's too small. so we have to expand and once we do, it will create jobs, revenue and taxes for the city. we have a whole expansion team. it's' private-public partnership. all partnering to make this thing happen. so what is our goals? is that location has changed dram itally and to work cost-effectively to stay onbudget and deliver the project. so this is the context of where we're looking at. it's right on the lines of new central subway. there will be a moscone stop. we have three separate buildings, south opened 32 years and north opened 20 years and moscone west opened a little over ten years ago. for the study looked at that whole area and looked at the three
Sep 25, 2012 3:30pm PDT
county and pick people up at the presidio and into the city as they go down to oracle and google and adobe, and apple. all of these companies are running these buses to bring people that they want to hire and they want to retain down to their corporate headquarters in silicon valley. it's a tremendous change and i would postulate if you think about this for a moment, it's essentially like the suburban
Sep 25, 2012 9:00am EDT
. you may be familiar with the july 21st "the wall street journal" editorial washington's tax oracles, that editorial calls in to account jct complete revenue miss with respect to the 2003 capital gains tax cut. bottom line instead of the cost the government revenue the capital gains cut generated tax revenue significantly higher revenue, i think, as we seek to do reform it's critically important we can rely on the revenue estimates from jct. given your experience with the last major reform effort, as jct's chief, you know doubt can appreciate the importance of getting revenue estimates right, mr. brockway. don't you believe there is indeed a need for city nam -- dynamic impact when it comes to lower capital gains. don't you believe it can have a positive macroeconomic input -- what are your thoughts, please? >>. >> is your microphone on? >> i have no doubt that changes in the tax code can have some economic effects. i think it's a political issue, not a scientific issue as to what that economic effect will be. i don't think the staff should be delegated the responsibility to decide.